Ian, in my view that's a great idea and it's likely that the numbers can be made to work. Grover(aka Ken)may be a bit too pessimistic in his economic analysis. For example, Accessories4less has been very successful in offering factory refurbished receivers at substantial discounts, varying primarily with the age of the item. Speaker buyers should have similar confidence in retested/refurbed Axioms.

The numbers might need some adjustment after experiencing the program in operation, but I'd think that a refurb discount averaging about 30% with an allowance to the owner doing the trade-up averaging about 50% should work well and make a complete program when added to the 10% Factory Outlet and 5% five item allowances.

I am hoping that these numbers can be made to work also just from the point of view that there seems to be desire on both sides of the trade for this option. I am going to do some calculating over the next few days and come up with a proposal for the pilot program and post it for comment. NOT Grover has hit the core problem right on the nose so we will just have to try for the best balance we can and see it can work for all involved.

I'm always for the idea but sometimes the idea doesn't pan out. Although many around here talk and wish and dream about owning this or that, in reality, how often does anyone 'upgrade' their speakers?Numbers indeed.

With a used market available through Audiogon and Canuck Audio Mart, people can often get other speakers for 50-60% or less of their 'new' cost, even if the items are less than a year old. Although i like this idea of a trade-in (avoiding use of the term 'upgrade' specifically), i suspect i would personally check out the used sites for Axiom speakers, review prices, before heading to the Axiom refurb store in comparison.That's just my approach though. Others may want the simplicity of going straight to the company and getting a warranty for comparable or extra price.

Numbers numbers numbers.Would there be enough demand to make it float?

Go recycling!(or in this case, re-using).

_________________________"Those who preach the myths of audio are ignorant of truth."